Taiwan sends jets to scare away Chinese aircrafts crossing median line

Amidst China’s military drills in the Taiwan Strait, US Secretary of State Antony Blinken Saturday said that though US House Speaker Nancy Pelosi’s Taipei visit was peaceful, Beijing launched 11 ballistic missiles. Blinken’s comment follows reports that Chinese aircraft and warships Saturday practised for an attack on Taiwan.  Meanwhile, an angry Beijing announced Friday it was halting dialogue with the US in a number of areasincluding between top military commanders, on climate change, and exchanges on countering cross-border crime and drug trafficking, all moves Washington called “irresponsible.”

As far as India is concerned, the impact is likely to be minimalaccording to Reserve Bank Governor Shaktikanta Das. The Governor said Taiwan accounts for only 0.7 per cent of India’s overall trade and the capital flows from the island are also not very high. “…so far as India is concerned, you know, our trade with Taiwan is minuscule. It’s about 0.7 per cent of our total trade. So therefore the impact on India is expected to be very, very, very negligible,” said the governor.